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The FTSE 100 has risen more than 20 points at 9:35am (BST) on Wednesday bolstered by strong earnings in the US market and news that UK consumer price inflation fell to 2.4% in September, down from 2.7% in August.
In mainland Europe, the Euro Stoxx 50 has climbed 0.15% and Frankfurt’s TecDAX, which tracks the performance of the 30 largest German technology companies, is up 27 points (1.03%).
Elsewhere, Tokyo’s Topix has move up 1.54%, while China’s CSI 300 and Shanghai Composite edged higher.
After strong earnings from major US banks like Goldman Sachs and Morgan Stanley, alongside a rally for tech shares spurred by Netlfix, which saw its share price rise as much as 16% in after-hours trading, Wall Street indices rebounded from Monday’s losses.
In fact, the S&P 500, Dow Jones Industrial Average and Nasdaq Composite witnesses one of the largest one-day gains since March.